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$SUI Technical Analysis September 30, 2025: PRICE STANDS AT $3.1658 WITH BEARISH BIAS AMID SELL-OFF 📉
📊 Market Insight
• Current Price: $3.1658 USDT
• Moving Averages (MAs) indicate a strong bearish trend, with price trading below all key EMAs, signaling potential further downside if support fails.
• Volume is elevated at 23.84M SUI with a 24h change of -3.59%, reflecting increased selling activity amid the recent dip.
• MACD signals negative momentum, with bearish crossover likely contributing to the ongoing pressure and risk of extended decline.
• RSI values show oversold conditions, suggesting a potential short-term rebound.
📊 Important Levels to Watch
🔼 Resistance Levels:
$3.2300
$3.3700
$3.4500
🔽 Support Levels:
$3.1500
$3.0700
$3.0000
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $3.2300
☑️ Entry Point: $3.2400 (enter if price breaks above $3.2300 with bullish momentum confirmation)
🎯 Price Target:
TP1: $3.3700
TP2: $3.4500
🛑 Stop Loss: $3.2000 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above $3.2300, rising volume, RSI(6) above 50, and MACD histogram turning positive.
🐻 Bearish Trade Setup: Drop below $3.1500
☑️ Entry Point: $3.1400 (enter if price falls below $3.1500 with bearish momentum confirmation)
🎯 Price Target:
TP1: $3.0700
TP2: $3.0000
🛑 Stop Loss: $3.1700 (above the support level)
⚠️ Confirmation: Watch for a strong bearish candle close below $3.1500, declining volume, RSI(6) dropping below 20, and MACD histogram expanding negatively.
📌 Suggestion to Open Positions Today:
The current price action demonstrates a sharp bearish sell-off, amid heightened volatility from recent highs. Oversold RSI levels hint at possible relief rally, but lack of buying volume could limit upside. A breakout above $3.2300 may drive toward $3.4500, while breach below $3.1500 risks deeper correction to $3.0000. Confirm entries with volume surges and RSI recovery before positioning.
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